The Daily Maverick’s investigative unit have reported that they have evidence which reveals Sars allegedly unlawfully paid more than R400 million in tax refunds to Gupta-linked entities.

The South African Revenue Service (Sars) says it is conducting a comprehensive investigation into the payment of millions of rands in VAT and personal income tax refunds to Gupta-linked companies and individuals.

President Cyril Ramaphosa suspended Sars commissioner Tom Moyane in March and he is currently facing a disciplinary inquiry.

More than R400 million in unlawful VAT refunds were paid into an attorney’s trust account to a shelf company, and one of Moyane’s nephew’s former business partners.

The scheme was allegedly devised in order to keep the Gupta enterprise afloat when banks started closing their doors to them between December 2016 and April this year.

Sars says these allegations form part of a comprehensive investigation to establish whether there have been any failures in governance processes or operational procedures.

SARS is said to have allegedly paid over R420-million in VAT and personal income tax refunds claimed by the Gupta companies and individuals in the 17 months between December 2016 and April 2018.

Seven months before the well-publicised June 2017 VAT refund payments, SARS’ internal policies were already compromised at the behest of the Gupta empire. The first batch of R35.8-million in VAT refunds was paid into Estelle de Jager’s attorneys trust account. The second batch of an alleged R200-million was paid into the account of a pay agent, Terbium, who once received a dodgy debt collecting contract from SARS because it was in business with Commissioner Tom Moyane’s nephew.

The last batch of R183.3-million was paid into a shelf company created on instruction of Oakbay CEO Ronica Ragavan, named In House Wages.

Source – Daily Maverick

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